Teamviewer Acquires IT Firm E1 In $720 Million Deal

The German tech company Teamviewer announced today the acquisition of the London-based company E1 for $720 million, on a debt-free and cash-free basis agreement.

According to the press release, this purchase represents the German company’s largest purchase and will allow it to expand to the American market as E1 has big clients in the United States.

E1 specializes in Digital Employee Experience (DEX) solutions and helps its customers—such as AT&T, Bimbo, Adidas, Nike, and Novartis according to its website—detect and fix IT issues.

“With the acquisition of 1E, TeamViewer will enter a new era of intelligent endpoint management by providing customers with a smart solution for preventing and tackling technology issues with minimal friction,” said Oliver Steil, TeamViewer CEO.

Teamviewer expects more innovation and AI development, and accelerated growth. As mentioned in the statement, it currently has over 4,500 business customers—including Ford, Coca-Cola, and Airbus—and wants to expand by offering more and better solutions to its clients.

The company announced multiple changes in the business structure after the merge, the business transition is expected to end by the beginning of next year. Mark Banfield, CEO of 1E, will join TeamViewer’s Management Board and will become Chief Commercial Officer.

“1E’s driving mission is to create innovative IT solutions that shape the future of work,” said Banfield. “Together with TeamViewer, we can accelerate that mission by integrating our DEX platform with world-class connectivity solutions.”

According to Reuters, Steil said in a press call that they expect a contribution of $10.56 million in 2026 and over $25 million the following year.

Other companies have recently announced partnerships and acquisitions as well. Air France and Google recently announced a new partnership to deploy AI technology.